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Houlihan Lokey Advises Milk Specialties

Houlihan Lokey’s Consumer, Food & Retail Group is pleased to announce that Milk Specialties Global, a portfolio company of Kainos Capital LP, has been acquired by an affiliate of American Securities LLC. Financial terms were undisclosed. The transaction closed on August 16, 2016.

This deal represents another successful transaction for Houlihan Lokey in the food & beverage industry.

Founded in 1949, Milk Specialties Global is a leading human and animal nutrition company. The company’s Human Nutrition business unit is a leading manufacturer of whey and milk protein ingredients used primarily in the sports nutrition and function food end markets. The company’s Animal Nutrition business unit is a leading provider of science-based products to the dairy industry. Houlihan Lokey helped to sell the business to Kainos Capital in 2011.

Kainos Capital is a middle-market private equity firm with an exclusive focus on the food and consumer sector. The Kainos Capital team has extensive investment and operating experience in the industry, having invested more than $2 billion of equity in more than 50 transactions with a total transaction value in excess of $7 billion. The firm’s strategy is to build a diversified portfolio of growing and strategically relevant food and consumer businesses that trade buyers would like to acquire.

American Securities is a leading U.S. private equity firm with approximately $15 billion under management. Based in New York, American Securities invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and/or EBITDA of $50 million to $200 million.

Compliments of Houlihan Lokey – a member of the EACCNY